Reserve Bank of India (RBI) penalises HSBC with ₹31.80 lakh fine

Exam-focused facts from the 23 March 2026 current affairs briefing.

Key facts

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹31.80 lakh on HSBC for non-compliance with regulatory norms.
The penalty was issued following a statutory inspection for supervisory evaluation of the bank's financial position as on March 31, 2025.
HSBC failed to host a searchable database of unclaimed deposits on its official website.
The bank did not generate and assign Unclaimed Deposits Reference Number (UDRN) to certain unclaimed deposits.
The non-compliance involved unclaimed deposits transferred to the Depositor Education and Awareness (DEA) Fund.